EPISODE 91: Foreign Currency Revaluation in Microsoft Dynamics 365 Finance & Operations

In this episode, we will learn about key concepts related to foreign currency transactions and the foreign currency revaluation process. Foreign currency revaluation feature in dynamics 365 deals with the method of translating the value of all foreign currency-denominated open accounts into the reporting currency. When the accounting currency transaction is settled, the differences in value between the purchase invoice and the payment date are recorded as realized FX gains/losses on the balance sheet.
In Microsoft Dynamics 365, foreign currency revaluation is a process used to adjust the value of a company's assets and liabilities denominated in foreign currencies to reflect the current exchange rate. This process is typically performed at the end of an accounting period to ensure that the company's financial statements accurately reflect the current value of its assets and liabilities. The foreign currency revaluation process can be done manually or automatically, depending on the company's accounting system and preferences.
In this video, let's have a quick look at all these processes.
Do you enjoy watching Techtalk365 tutorial videos?
Do you wish to watch them ads-free and well-organized by topics?
Do you want lifetime access to all of them?
They are now available on Udemy:
( More parts coming soon !! Start watching now )
Part 1: www.udemy.com/...
Part 2: www.udemy.com/...
Part 3: www.udemy.com/...
Part 4: www.udemy.com/...
Part 5: www.udemy.com/...
Part 6: www.udemy.com/...

[@ganeshsankad7237]

I want to suggest you to make few changes in configuring the Unrealized or Realized Loss / Profit. The Unrealized Loss / Profit should be configured as Liability / Asset. And the Realized Loss / Profit should go to Expense / Revenue. Because, until either the loss or profit is realized, we have to treat it as either liability or assets. Once it is realized it should be accounted as Expenses / Revenue.

[@TechTalks365]

Totally agree , will pin this comments so others can see too

[@init_yeah]

i hope you never stop making these series! your a great asset for all ax aspiring developers.

[@TechTalks365]

Thanks for encouragement

[@sandeepgaddam3015]

Many thanks for the series..!! Unrealized loss - Liability, Unrealized gain -Asset, Realized loss-Exp. and Realized gain-income. However, while creating COA it was created other way around

[@sandeepgaddam3015]

I am Sorry!! it was correct

[@TechTalks365]

👍

[@mohamednour1839]

Informative video as always, Thank you

[@TechTalks365]

My pleasure!

[@kame99023]

One of the very best at what you do! Thank u 😁

[@TechTalks365]

🙌

[@mattkurt555]

This is great! Just found your channel. You definitely have a knack for explaining these things in a very easy to understand way. Subscribed :)

[@TechTalks365]

Thanks Matt 👌

[@tanujshah3680]

Good series..very much informative..good for technicals who wants to learn functional.

[@TechTalks365]

Glad you liked it

[@mcsaamitsharma]

Informative video as always

[@TechTalks365]

👏🏽

[@mr.pavanvlogindia8646]

Can you please answer me that Why we upload Fx rate in d365?

[@andressolano2977]

Hello I have a Quick question I disable the ledger settlement parameter from the setup of the general ledger parameters, for some reason when I run the foreign currency revaluation one of my A/R trade accounts is not Posting in the foreign currency revaluation procesos, do you know what could cause it? Also if is any advice to avoid that kind of scenario? Thank you in advance

[@aureliutacu5918]

Very good series, nice work.

[@TechTalks365]

👍

[@Molton11]

Hello, thank you for the video, I can only imagine that it must take a lot of time to make them! I have two questions if I may. In 33:14 why do you think there are the extra 2 lines with zero amounts? They seem kind of extra? And the second question - how did you know that in 10.0.32 there will be the new functionality? Did you see it in MS Ideas? What are the main sources you use? Thank you.

[@AndryVivato]

I have a question related to vendor invoice voucher in D365FO: Ledger is set in USD, and currency on Vendor is in EUR, when invoice is posted voucher displays transaction pairs in both USD and EUR, is there a way to setup D365 to show the voucher transaction only in EUR when currency for a vendor is set to EUR, in all other cases should remain in USD?

[@paiashok1]

Hello Mr Yasar, can you please eloborate why realized gain and losses created as asset / liability whereas Unrealized ones in P&L account type?

[@TechTalks365]

👍

[@paiashok1]

Can you please respond?

[@paiashok1]

In my opinion, the realized Gains and losses, main account types should be P&L and not asset/ liability. Please confirm my understandings. Unrealized Gain/Losses can be part of asset / liability for main account type.

[@muhammadsadakathullah6537]

@@paiashok1 You are right.

[@shuhaibhauteur1418]

Please explain about warehouse management

[@TechTalks365]

👍

[@ellinamonica1160]

sir, have u ever made a video about cash and bank managements topic?

[@TechTalks365]

Not yet . But coming soon

[@ellinamonica1160]

@@TechTalks365 can't wait for it!!

[@studentexperience100]

Hi sir as i have no environment for practicing kindly help to me either you provide a credential or provide a method through i get a sandbox. As i copy the link which is seen during the video to log in the sandbox but due to unavailibility of credential i am unable to login please help me

[@ajk1006]

Please explain about budgeting module

[@TechTalks365]

Sure

[@niteshkaushik7708]

kindly make video on Production module

[@TechTalks365]

👍

[@BejikParul]

Williams Timothy Martinez Melissa Smith Frank

[@kyliecarey8264]

Lee Melissa Taylor William Hall Sarah